Investors Seek High Court Review Of 11th Circuit Loss Causation Ruling

(January 20, 2017, 11:56 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court should grant review of an 11th Circuit U.S. Court of Appeals ruling affirming dismissal of a securities class action lawsuit for failure to plead loss causation because the circuit court’s ruling is at odds with other federal circuit courts and is contrary to Supreme Court precedent, lead plaintiffs argue in a recent petition for writ of certiorari (Norfolk County Retirement System, et al. v. Health Management Associates Inc., et al., No. 16-685, U.S. Sup.)....